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Japanese Yen Outlook: US CPI, Intervention Risks Put USD/JPY Bulls on Notice

Japanese Yen Outlook: US CPI, Intervention Risks Put USD/JPY Bulls on Notice

The Japanese yen came under broad pressure on Monday, allowing yen crosses to recover some of their post-intervention losses. However, with the MOF and US Treasury prepared to coordinate again and US CPI due Wednesday, yen bears may be playing with fire as USD/JPY approaches key resistance.
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USDJPY USD/JPY
Kaynak: Forexcom
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